Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus
Mar 3 2020 // The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The...
New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing
Mar 3 2020 // The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with testing for novel coronavirus, including emergency room, urgent care and office visits. New...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk
Mar 3 2020 // AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios, which could reveal those countries at the highest...
Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist
Mar 3 2020 // The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalized economy, the OECD’s chief economist Laurence Boone...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s
Mar 2 2020 // Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility,...
U.S. Probes Batch of Faulty Coronavirus Test Kits
Mar 2 2020 // The U.S. Department of Health and Human Services confirmed on Sunday that it is investigating a manufacturing defect in some initial coronavirus test kits that prompted some states to seek emergency approval to use their...
FACTBOX-Update on Coronavirus Around the World
Mar 2 2020 // The rapid spread of the new coronavirus has increased fears of a pandemic, sending global markets into a dive and prompting governments to step up control measures. As of Monday, there have been over 89,000 cases of the...
Professional Sports Leagues Keeping Close Track of Coronavirus
Mar 2 2020 // Major North American professional sports leagues are talking to health officials and informing teams about the coronavirus outbreak that has led to the first reported deaths in the U.S. Officials from the National...
New York Governor Wants $40M to Respond to Coronavirus
Feb 28 2020 // New York’s governor says he will ask state lawmakers in coming days to approve $40 million to help state health officials respond to the deadly coronavirus outbreak. Governor Andrew Cuomo, a Democrat, told reporters...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation
Feb 28 2020 // Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more...
Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status
Feb 28 2020 // The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for...
Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete
Feb 26 2020 // Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer...
Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion
Feb 26 2020 // Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking...
Insurance Coverage for Losses Stemming from the Coronavirus
Feb 26 2020 // The coronavirus has not only sickened tens of thousands of people, killed several hundred, and disrupted life for millions, but has also sharply impacted the second-largest economy in the world. Many Chinese companies have...
Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters
Feb 25 2020 // The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on...
Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran
Feb 25 2020 // Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the...
Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared
Feb 20 2020 // As the coronavirus outbreak continues to cause concern around the globe, the insurance industry is facing a potentially far-reaching impact but has the experience to handle what might come its way. Based on what the...
China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business
Feb 20 2020 // Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An’s comments on the virus were included in its...
World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads
Feb 19 2020 // A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could...
Coronavirus, Pandemics and Workers’ Compensation
Feb 19 2020 // This week’s Academy Journal entry comes to us from friend of the Academy, Chris Boggs. Click and check out what he’s been up to. A pandemic is defined as, “an outbreak of a disease that occurs over a wide...
